As part of the transaction, Quality Control Corp. has been renamed QCC, LLC, and will continue to operate independently under the same leadership team. Terms of the transaction were not disclosed.
Greg Willard, QCC’s President and CEO, said, “I am very proud of the 60-year legacy created by this family-owned business and what the team has accomplished at QCC over the years. Promus is an ideal partner for us as we enter this next stage in our development because they see the value in our top-notch team and can provide additional support for the accelerated growth we desire. We’re excited about the new partnership and the opportunities it will create for our customers and our employees.”
QCC was founded in 1951 by the late Richard C. Michalek and has remained in the ownership of the Michalek family until now. It has grown to be a leading manufacturing services provider supporting market-leading companies like Parker Hannifin, Sauer-Danfoss and Woodward, Inc. With its core in precision machining and assembly, QCC allows OEMs to focus on their primary products and core competencies by handling non-core or legacy stage manufacturing and assembly requirements.
Sarah Wuellner, Principal at Promus, said, “We are thrilled to become partners with Greg Willard and the entire QCC team. Among the many notable attributes of the company, we are especially impressed with their strong customer relationships and the proven capabilities of the management team and workforce.”
Willard said that all current QCC sales programs and customer relationships will remain intact. “Our customers can expect the change in ownership to be positive and transparent, with our business continuing to operate as usual, with the same team.”
QCC has seen growth in industries with long product lifecycles and precision manufacturing needs, such as aerospace, construction and agriculture.
Under Promus ownership, Willard foresees accelerated opportunities for growth.
“QCC will have access to capital and resources to profitably grow our business to better support our customer’s needs. With increased capabilities, QCC will move more quickly to acquire or license legacy product lines and enhance our customer relationships.